Gold
Support at 28450 and Resistance at 28900
Looks weak and could touch its support level of 28450…Close below 28450 will take to 28300—28200 and then to 28050 mark else could touch its resistance level of 28900
Looks positive on close above 28900
Trade with levels only
Silver
Support at 40800 and resistance at 42000
Looks weak …. And could touch its support level of 40800. Break and close below 40800 will take it to 40500—40200 and then to 39800 mark else could touch its resistance level of 41700---42000 again.
Trade with levels only.
Crude oil
Support at 3565---3540 and resistance at 3680
Trading in range… either side breakout with volumes will decide further till then trades can trade with strict stop loss
Copper
Support at 403 and resistance at 410
Looks weak and could touch its support level of 403. Break and sustain below 403 will take it to 398—393 else could touch its resistance level of 410.00
Fresh buying can be initiated above 410.00
Major Economic Data
09:30 P.M Crude Oil Inventories: Previous 2.3M, Forecast 1.5M, Actual –??
Impact – Increase Crude Oil Inventories – will have negative impact on crude oil prices vice versa.
